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A theory of global economic growth in the very long-run: is a grand innovation slowdown inevitable?

  
06 giu 2020
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Fig. 1

The Distribution of the total working population N and R with respect to inventive ability v.
The Distribution of the total working population N and R with respect to inventive ability v.

Fig. 2

The target and actual innovation rates over time in the TFA. The dates and magnitudes are chosen for illustrative purposes.
The target and actual innovation rates over time in the TFA. The dates and magnitudes are chosen for illustrative purposes.

The values of λ as implied by (25), given αTR*\alpha _{TR}^* , n1, and R/N, and assuming that a =0_ 2 and n = 0_7 per cent

αTR*(%)\alpha _{TR}^*\,(\%)n1 (%)λ
R/N = 0.01R/N = 0.02R/N = 0.03R/N = 0.04R/N = 0.05
141.021.041.061.091.13
61.021.041.071.111.15
81.021.041.071.121.19
241.011.031.051.061.08
61.011.031.051.071.08
81.011.031.051.071.10
341.011.021.041.051.07
61.011.021.041.061.08
81.011.021.041.061.09